Paramount Skydance to move Class B shares to NYSE, sets warrant record date

Paramount Skydance Corporation (NASDAQ: PSKY) said its board authorized a voluntary transfer of its Class B common stock listing from The Nasdaq Global Select Market to the New York Stock Exchange, and set a record date for a previously announced warrant distribution linked to its planned acquisition of Warner Bros. Discovery, Inc. Class B shares closed near $9.96, down about 2.2% on the session and about 24% year to date.

In a Form 8-K filed Friday, the company said it expects Nasdaq listing and trading of the Class B shares to end at market close on or about Oct. 5, 2026, with NYSE trading to begin at market open on or about Oct. 6, 2026.

Separately, the board set a record date of the close of business on Oct. 5, 2026, for warrants to purchase Class B common stock. Paramount Skydance expects to distribute the warrants on or about Oct. 13, 2026. The distribution is contingent on closing the Warner Bros. Discovery acquisition; that merger remains subject to further closing conditions, and timing is not yet certain. The company said it may cancel or postpone the record date and/or issue date and would announce any change under the rules of the exchange where it is then listed.

An Exhibit 99 FAQ furnished with the filing said the warrants are being issued in connection with the Warner Bros. Discovery acquisition and are intended to give eligible Class B holders a chance to buy Class B shares on terms similar to those offered in an earlier equity syndication, or to monetize the warrants by selling them, subject to warrant terms. Each eligible Class B holder of record is to receive one warrant (rounded down to the nearest whole warrant) for each one share of Class B common stock held, per the FAQ.

By the numbers

• Expected last Nasdaq day: on or about Oct. 5, 2026 (close)
• Expected first NYSE day: on or about Oct. 6, 2026 (open)
• Warrant record date: Oct. 5, 2026 (close of business)
• Expected warrant issue date: on or about Oct. 13, 2026
• Warrant ratio (per FAQ): 1 warrant per 1 Class B share (rounded down)

Sources

1. Paramount Skydance Corporation Form 8-K, accession 0001104659-26-111034 (Items 3.01, 7.01, 9.01)
2. Paramount Skydance Corporation Form 8-K Exhibit 99 (Warrant Distribution FAQ)

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